Search Result for : Biofuel

The Dollar Business Bureau Petroleum and Natural Gas Minister Dharmendra Pradhan said on Wednesday that biofuels has the business potential worth Rs.1 lakh crore in the ‘waste-to-wealth’ sector, while adding that there are challenges in encouraging advanced biofuels. Pradhan also stressed on the importance of research for promoting the use of biofuels in the country. “While there are challenges in promoting advanced biofuels but it also offers business opportunities worth Rs.1 lakh crore in the ‘waste to wealth’ sector,” he said, while delivering the inaugural speech at the “EU-India Conference on Advanced Biofuels”, jointly organised by the Ministry of Petroleum and Natural Gas and European Commission’s Directorate-General for Energy. The Minister emphasised on the need for synergies to enable industrialisation of biofuels so that there are economies ...

The Dollar Business Bureau  The Government plans to unveil a new policy for promoting the use of biofuels in the transport that will help in catalyzing about Rs.1 lakh crore of investment in the whole value chain, Oil and Petroleum Minister Dharmendra Pradhan said on Thursday.  India has to import around 80% of crude oil to meet its requirements and use of biofuels produced from non-edible oils help the country in meeting its target of cutting down the imports by 10% by 2022, Pradhan said at an event organised to mark ‘World Biofuel Day’.  The top three state-run oil companies of India Bharat Petroleum Corp Ltd (BPCL), Indian Oil Corp (IOC) and Hindustan Petroleum Corp Ltd (HPCL) have pledged $2 billion investment for carrying ...

The Dollar Business Bureau Commerce Secretary, Rita Teaotia had led an official and a business delegation to Ecuador and Colombia from 16th to 19th May. The Commerce Secy’s visit to Ecuador could in many ways reveal India’s keenness to further its interests in the country. The Indian side had representatives from Pharma, IT, Auto, Mining & Construction, Bio Fuels, Agro-Chemicals, Iron & Steel and Textiles and representatives from FICCI accompanying the Secretary. Ecuador though a tiny country holds many promises through its natural resources. It has gold reserves of 2,25,000 tons, silver reserves of 12,500 tons and as per an OPEC official release, its total share of OPEC production in crude is 1.7% and as per Jan 2017 stats, has produced 536.00K barrels ...

Himanshu Vatsa | The Dollar Business With the next harvesting season of sugarcane approaching, the stockpiling of surplus sugar from the past season has become a major concern for the industry. According to sugar millers, exporting the sweetener is the only option to get rid of more than 10 million tonnes of surplus stock across the country. Even though the government in March announced export subsidy of Rs 4000 per tonnes, the industry demands additional benefits for overseas shipment. “The government announced export subsidy in March when 70% of the country’s production was over. What is the use of this subsidy when we are still not sure whether the scheme will continue or not,” Sanjeev Babar, Managing Director of Maharashtra State Cooperative ...